South Korea challenges UK's new steel import tariffs and quota cuts
South Korea has raised concerns over Britain's latest steel trade restrictions. The new measures, set to begin in July, will cut import quotas by 60% and apply a 50% tariff on excess shipments. Seoul warns that the move may breach the two countries' free trade agreement and global trade rules.
The British government announced plans to tighten steel import controls from next month. Under the updated policy, quotas will shrink significantly, and any shipments beyond the limit will face steep tariffs. Korea's Ministry of Trade, Industry and Resources has criticised the decision, viewing it as an extension of existing safeguards.
Britain has previously defended similar restrictions in disputes with the EU and US. Between 2021 and 2024, WTO consultations and bilateral talks largely upheld or slightly adjusted these measures. The UK maintains that its policies comply with international trade laws.
Korea exports a small but notable share of its steel to Britain—about 2.3% of its total output. To address potential harm to Korean firms, Seoul will engage in discussions with London. Officials have also pledged to take active steps to limit the economic impact on domestic producers.
The dispute centres on whether Britain's new steel rules violate trade agreements. Korea will push for negotiations to protect its exporters. The outcome could affect future trade relations between the two nations.
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